Executive Summary Apple Incorporated is a successful enterprise that develops‚ markets‚ and manufactures many electronic devices. Personal computers‚ media‚ mobile devices and portable music players are all products known across the world within the apple culture as the Mac‚ iPad‚ iPhone‚ and iPod. These names are part of many households‚ businesses and educational divisions in various countries. The decision to invest in such a company goes far beyond the popularity of a product. One must assess
Premium Apple Inc. Steve Jobs
The daycare schools have long been in the society. The schools are aimed at providing training and supervision for small children in the preschool age and also for the old and the disabled. (Daycare‚ n.d.). The concept of the child care centers were conceptualized in a big way in Australia when the ABC Learning centers were established in 1988. It soon became the largest of the child care centers in Australia. It operated in the form of a company and the corporate management at its helm accelerated
Premium Balance sheet Childcare Day care
Introduction Apple Inc. is an American multinational corporation that designs and manufactures consumer electronics and computer software products. Established in Cupertino‚ California on April 1‚ 1976 in the heart of Silicon Valley‚ and incorporated January 3‚ 1977. Apple Inc. used to be called Apple Computers Inc.‚ but dropped the word computer because it wanted to expend its products beyond just computers. Steve Jobs was a co-founder and the CEO before. Today‚ Apple operates more than 250
Premium
company called Apple Computer. Jobs and Wozniak held 45% of the company each as Wayne owned the remaining 10%. Jobs and Wozniak were younger and had very few assets but Ronald Wayne was older and owned several personal assets. Wayne was scared to put these at risk so he sold his share of Apple Computer back to Jobs and Wozniak for around 800 dollars. Today his share in Apple would be worth over 70 billion dollars which is a clear indication of how Apple has succeeded throughout the years. Apple 1‚ their
Premium Apple Inc. Steve Jobs Steve Wozniak
The formation of the debit and credit concept In this simplified form we can begin to see what the mathematician and Father of Accounting (Luca Pacioli) saw in 1494 when he codified the double-entry bookkeeping system. It is his codified system that outlined the rules for applying debits and credits when recording the financial transactions of a business in the double-entry bookkeeping system. Now remember that Luca’s book in 1494 was written and published in Latin and at a time when the concept
Premium Double-entry bookkeeping system Bookkeeping
“certificate of achievement for excellence in financial reporting” by the Government Finance Officers Association? What is the significance of this award? Yes‚ it is significant because it is the highest form of recognition in the area of governmental accounting and financial reporting‚ and its attainment represents a significant accomplishment by a government and its management. (Page 13) b) What are the key issues addressed in the letter of transmittal? Major initiatives in the city of Charlotte
Premium Financial statements Balance sheet Generally Accepted Accounting Principles
Classmates‚ According to (Oster‚ 2014)‚ "Percentage of receivables and percentage of sales are two accounting allowance methods used to reconcile customer accounts deemed noncollectable. When allowed by generally accepted accounting principles (GAAP)‚ these two strategies are preferred over direct write-off of bad debt expenses. Percentage of receivables and percentage of sales provide a business with the ability to accurately estimate the expected bad debt losses they will have in each succeeding
Premium Generally Accepted Accounting Principles Accounts receivable Revenue
ACCOUNTING SUBSTANCE OVER FORM Substance over form is an accounting concept where the entity is accounting for items according to their substance and economic reality and not merely their legal form. It is one of the key determinants of reliable information. For most transactions there will be no difference and in some cases however‚ the two diverge and the choice of how to present the transactions can give very different results. This differences occurs when an asset or liability is not recognized
Premium Generally Accepted Accounting Principles Balance sheet Accounts receivable
8/2/2012 Objective of Lecture 2 CLASSIFICATION OF ACCOUNTS & ACCOUNTING EQUATION • By end of lecture 2‚ all students should be able to:(a) Understand the five categories of accounts and able to classify them into the respective categories (b) Understand the accounting equation and the relationship between assets‚ liabilities and owner’s equity. Classifications of accounts • • 1. 2. 3. 4. 5. An account is used to record all information regarding an item. The five major
Premium Generally Accepted Accounting Principles Balance sheet Asset
locations‚ offering a wide range of leading brands with particular focus on consumer electronics‚ electrical goods and software including music‚ games and movies. In this case study there are no properties activities mentioned in the Report. With the accounting policies relating to Property‚ Plant‚ and Equipment adopted by the company is mentioned as Plant and equipment‚ leasehold improvements and equipment under finance leases are stated at cost less accumulated depreciation and impairment (if any).
Premium Depreciation Generally Accepted Accounting Principles Asset